Chevron Bearish Moving Average Crossover Alert (CVX)
Chevron (NYSE:CVX) crossed under its 10-day moving average of $102.01 on a volume of 978K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Chevron share prices have moved between a 52-week high of $109.93 and a 52-week low of $69.58 and are now trading 46% above that low price at $101.60 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.3%.
SmarTrend is tracking the current trend status for Chevron and will alert subscribers who have CVX in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses Chevron